Growth Lending Closes $2.5MM Single-Customer Concentration Facility for US Manufacturer

Growth Lending closed a $2.5 million, single-customer concentration working capital facility for a manufacturer of baby blankets and swaddling products.

The manufacturing firm, which primarily sells to Amazon.com and has invoice terms of net 60 and net 90 days, will use the working capital to increase production from its overseas suppliers and meet the growing demand for its products.

“Our selective invoice finance product is a perfect fit for this type of business, where there is single customer concentration and speed and flexibility are key,” Keith Kirkland, senior vice president of sales at Growth Lending, said. “We are delighted to be able to support the business as it continues on its growth trajectory.”